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A legal advisor is a lawyer who is hired by a business or government organization to provide legal advice and services. They are most commonly seen as employees of large corporations like Intuit stock. However, a legal advisor can be of great help to small businesses as well. If you are a small business owner, you may want to consider the many benefits of hiring a legal advisor. See our top five benefits of hiring legal advisors below to decide if it may be right for you.
Assists With Contracts
Contract details may seem second-nature if you are a seasoned business professional. However, for a small business or start-up, you may be lacking in some of the necessary experience. A legal advisor can provide counsel as you work with vendors, new employees and partnerships. Their expertise can help with reading and reviewing contracts that may hide unfavorable loopholes or hidden fees. If you want expert advice, hire a legal advisor to assist with your legal contracts.
Identifies Potential Risk
A lawyer can also be a great help in identifying potential risks that your business may face. This can involve anything from facility issues to copyright claims. They are trained to assess all of the areas in your business that may require legal action. When you have a legal advisor at your disposal, you can be sure that your location follows zoning laws and that your trademark name is properly protected.
Helps You File Patents
Filing patents is one of the more difficult things that small business owners may have to do throughout their professional career. A legal advisor can make this job much easier. Although you will incur additional costs for their services, they can provide a proper assessment of everything you will need. Furthermore, they can compile all of your information so that filing the patent is simpler than ever. If you want to protect your inventions and your business, a legal advisor may be the answer for you.
Protects From Lawsuits
Many small business owners do not realize that when they are being sued, it is already too late to hire a lawyer. You should have someone at the ready for any event to help prevent legal disaster. If someone falls on your property, a legal advisor can help diffuse the situation before it goes to court. That way, you can avoid the exorbitant court fees and poor publicity that may come along with it. It is much better to be prepared with a legal advisor.
Saves Time And Money
One of the most important things that a legal advisor can do for any small business owner is save them both time and money. Although you will likely have to pay your advisor a fee, their work can reduce stress on you and your bank account. Their assistance will prevent you from paying hidden contract fees or a large settlement in a lawsuit. For example, someone may feel discriminated by you offering franchises for veterans. Your legal advisor can help you immediately. Additionally, they can focus their time on the legalities of your business so that you can do more with your time.
The decision to hire a legal advisor is a great choice for any small business owner that wants to save time and money. With a professional at your side to review contracts and file patents, you can enjoy greater peace of mind. Refer back to this post the next time you are looking to improve your business while also saving time and money.
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